8 Attributes of Management Excellence

The video discusses the eight attributes of management excellence identified by Peters and Wasserman. These include a bias for action, customer focus, autonomy, entrepreneurship, hands-on management, sticking to core competencies, efficiency, and balancing control with autonomy. Additionally, the importance of developing internal capabilities for operational focus is highlighted. These attributes collectively contribute to effective management in organizations.

What is emphasized over planning or preparation in the attributes of management excellence?

• Detailed planning

• A bias for action

• Strict adherence to rules

• Risk aversion

How should managers stay involved according to the attributes of management excellence?

• By being hands-on and value-driven

• By delegating all tasks

• By focusing solely on financial outcomes

• By avoiding direct interaction with employees

What does 'sticking to the knitting' refer to in management excellence?

• Concentrating only on financial growth

• Maintaining a rigid organizational structure

• Focusing on core competencies while exploring new opportunities

• Avoiding any form of expansion

What is the significance of 'simple form and lean staff' in management?

• Increasing the number of employees

• Focusing on individual achievements

• Implementing complex hierarchical structures

• Reducing waste and avoiding complicated processes

What additional attribute did the authors identify for management excellence?

• Focus on short-term goals

• Financial acumen

• Capabilities concerning ideas, liberation, and speed

• Strict adherence to traditional methods